HFM floor (old Hotforex floor) is one of the world’s leading reputable brokers licensed and managed by many prestigious global financial management agencies. It appeared quite early in the Vietnamese market and is recognized by the community. Vietnamese traders rate it quite highly. Rich trading products, advanced trading platform with many awards, superior support tools, providing attractive PAMM and Copytrader investment mechanisms, many bonuses and attractive contests are outstanding strengths. of this broker.
Compared to the top reputable Forex brokers today, HFM is a broker with a long history of operation in the Vietnamese market (with up to 2 offices in Hanoi and Ho Chi Minh City) and is well-liked by the Vietnamese trading community. highly appreciated.
HFM Reviews are our objective and fair assessments. We hope you can follow them to make your choice of a reputable trading floor that suits your trading style. .
Detailed and complete review of the HFM trading platform
1. Information about HFM floor review
HFM Flooring is a brand under HF Markets Group (HF Markets Group), established in 2010, headquartered in St. Vincent and the Grenadines with a number of global offices located in Dubai, South Africa, the United Kingdom and Seychelles and are licensed and regulated by many reputable financial management agencies such as FCA, FSCA, FSA… When it was first established, the exchange was called Hotforex, but in September 2022, the exchange officially changed its name to HFM to diversify its offering list.
HFM provides financial services with 18 trading instruments, more than 1200+ products from Forex, Metals, indices, stocks, DMA securities, ETFs… with more than 2 million visits per month. Months come from all over the world, with 27 different languages available to users.
The biggest highlight of this broker is probably its advanced copytrade platform via PAMM accounts – the choice of many global fund traders. HFM also devotes a lot of attention to promotions, bonuses, trading contests or online videos to thank customers, attracting more and more traders to participate in trading on the floor.
During more than 10 years of establishment and development, HFM was voted into the Top 100 international companies of World Finance and won 45 different awards and titles, including many prestigious awards from financial magazines. reputation in the world.
In addition, if traders are passionate about king sports, they will know that HFM is currently the official sponsor and partner of the top French football team – Paris Saint-Germain for the three years 2020, 2021 and 2022. HFM also actively participates in community campaigns with prestigious humanitarian organizations such as the Red Cross, Unicef…
HFM is the official partner of the world’s leading football team PSG
With achievements and awards combined with excellent service quality and competitive transaction costs that HFM has strived to improve over the past time, this broker is increasingly gaining more love and trust. of many traders around the world.
Below is basic information about HFM flooring:
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2. Review the most detailed HFM floor
2.1 Reputation level – Certificates, operating licenses and insurance policies of HFM floor
Before discussing trading products, trading platforms or service quality, the first and most important criterion that you need to consider when evaluating the reputation of a Forex floor is the operating license, regulatory agencies and insurance policies that the brokerage floor offers to customers.
HFM floor operating license
HFMx received not only 1 but 6 operating licenses from the world’s leading prestigious financial management agencies: FCA, SV, DFSA, FSCA, FSA, CMA, an impressive number no less than the number. that TXB floor owns. Looking at the number of licenses HFM owns, you can see the level of transparency, reputation and professionalism the floor must reach to be licensed by so many agencies.
In addition, it is important that these agencies contribute to creating a safe and transparent trading environment for investors and will protect the rights of traders, especially in cases of conflict. .
Below is a list of licenses from regulatory agencies that HFM received:
- HF Markets (SV) Ltd was established in St. Vincent & Grenadine and license issued by FSA SVG under registration number 22747 IBC 2015
- HF Markets (DIFC) Ltd is licensed by the Dubai Financial Services Authority (DFSA) (Dubai) under registration number F004885.
- HF Markets (UK) Limited – issued by the FCA (UK) under registration number 801701
- HFM Investments Ltd – issued by CMA (Kenya) under license number 155.
- HF Markets SA (PTY) Ltd is authorized by the Financial Conduct Authority (FSCA) in South Africa under registration number 46632
- HF Markets (Seychelles) Ltd is authorized by the Financial Services Authority (FSA) (Seychelles) under registration number SD015.
HFM is regulated by leading financial regulator FCA
Among financial regulators, FCA and CySEC are the two leading strict regulators with minimum broker capital requirements of 1 million GBP for FCA and 750,000 EURO for CySEC.
Customer protection policy of HFM floor
Insurance mechanism in case the floor goes bankrupt
To obtain a CySEC license, HFM will be regulated by an EU financial authority. HFM must comply with the Financial Instruments Directive 2014/65/EU or MiFID II and the Anti-Money Laundering Directive. of the EU, to protect traders under the Investor Compensation Fund (CIF) with a maximum cover of 20,000 €.
In addition to the above mandatory insurance mechanism, HFM also affirms the reputation and responsibility of the floor to customers and third parties through the Civil Liability insurance program of up to 5,000,000 Euro, signed by HFM affiliated with Renaissance Insurance Brokers, an insurance company specializing in providing services to brokers located in Cyprus.
This cover includes “market-leading cover against errors, omissions, negligence, fraud and many other risks that can lead to financial loss.”
Segregated accounts mechanism (Separate accounts)
Like most other reputable Forex trading floors, HFM also has a segregated account mechanism – Customer money is transferred completely to major bank accounts and is separate from the account used by the company. .
This mechanism ensures that HFM will not use customer assets for other purposes and will also serve as evidence for customer compensation according to regulations in the event of HFM’s insolvency.
Protect your Account from negative balances
Although this is not a mandatory obligation for Forex brokers, HFM still practices a policy of protecting customer accounts from negative balances – this is also a commendable plus point of this broker. This means that “even in highly volatile market conditions where margin and stop loss no longer function correctly, HFM customers do not suffer any losses for negative balance settlement.” .
Affiliated with major banks and has independent auditing
HFM uses the services of major banks around the world to always ensure liquidity for its customers.
HFM uses a 3rd party auditor (Deloitte – 1 of the 4 Big Four of world auditing, thereby making all books and papers public and transparent. This is proof that business activities and reports The floor’s revenue reports become more transparent in the eyes of customers as well as regulatory agencies.
With a reputation built over 10 years, an impressive list of more than 63 international awards that are continuously updated and a number of loyal customers that are increasing every day, HFM completely guarantees its reputation. worth for traders to choose to trade.
Trading Platform of the Year 2022 award that HFM just won
2.2 Transaction costs and leverage on HFM exchange
Trading fees on HFM include spreads, commissions and swap fees. HFM does not charge commissions except for the Zero Spread account. However, the overnight fees and spreads incurred depend on the asset being traded and the type of account the trader uses.
Below are the spreads for the majors forex and minors forex pairs:
Spread Fees – review of EUR/USD and XAU/USD (GOLD)
HFM offers both fixed and floating spreads and is quite competitive – which is absolutely beneficial for scalpers. HFM‘s spread for major currency pairs like EUR/USD is only about 1 to 1.2 pips, even the lowest level can be only 0 pips. For HFM‘s fixed spread account, the spread is only 1.8 pips for EUR/USD, which is relatively low compared to other fixed spread accounts from other exchanges.
In particular, the gold spread is only 22 pips, the lowest among other exchanges such as XM with 37 pips, FXTM with 38 pips or Exness with 27 pips…
Trading commission
HFM’s commission fee is set from 6 USD/lot/2-way for Forex currency pairs. For the remaining products, the fee will fluctuate around 8 USD/lot/2 ways. In addition, only Zero Spread and HFM PAMM Premium Plus accounts (10 USD/lot/2-way) have fees, the remaining types will be commission-free.
Deposit/withdrawal fees
HFM floor offers free deposits/withdrawals for all forms of payment.
Slippage
The phenomenon of slippage when placing Forex orders (slippage) often occurs when some big news causes a change in market price and this situation is also something that investors often encounter during the trading process. Price slippage occurs more often with exchanges that execute orders slowly. Of course, slippage is almost inevitable in trading and HFM cannot avoid it, but in general the level of slippage is quite small and traders hardly complain about it.
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2.3 Rebate promotions (Bonus) of HFM floor
It can be said that HFM is one of the few exchanges that focuses the most on bonuses in many different forms and in general, the bonus mechanisms at the floor are quite attractive and useful to traders, especially traders. new person come to the job.
No need to deposit and receive $30 bonus immediately
This is a program available for new customers, you will receive $30 if you fully meet the program requirements. This program automatically applies after you successfully register an account. All profits earned can be withdrawn. You can join the program without requiring a deposit
Refund on deposit
This is the latest promotional program that HFM brings to customers. Your earnings will be calculated based on your daily margin balance and the current month’s cumulative trading volume. The total profit will be credited to your wallet every month. Cashback on deposit balance gives you daily earnings credited directly to your wallet for trading or withdrawability!
Rewards for loyal customers
HFM also has rewards to thank loyal customers with different reward levels and the more you trade and the more trading days you accumulate, the more bars you will receive. You can exchange them for cash or use them to pay for trading services.
Conversion rate is: 35 bars = $1 (Conversion conditions: minimum 1000 bars)
Forex contests and events
HFM organizes many Forex trading contests (Demo contest, Traders Awards 2022…) with attractive prizes…HFM designs many products such as hats, shirts, notebooks, keychains and gives them to loyal customers. as well as continuously organize events, usually monthly.
These events are constantly updated by HFM, so if you are interested, you can visit the HFM homepage, go to the “Promotions” Menu, then select the “contest” section to see if there are any suitable events. where you can participate to receive valuable gifts.
2.4 Trading platform/software on HFM floor
HFM trading platforms
Like most other leading trading floors, HFM provides two popular trading platforms: MT4 and MT5. In addition, the broker also develops HFM App – an application specifically for traders trading at the exchange. In particular, this broker also provides a trading software called HFM FIX/API, designed specifically for the high-end customer segment – this is considered an outstanding advantage of this broker.
Besides web and desktop platforms, HFM also develops trading software for mobile devices and is suitable for all operating systems. In 2020, HFM has just won the Trading Platform of the Year award from prestigious organizations around the world.
HFM’s MT4 platform
As the most popular trading software today, there is probably no need to introduce much about this MT4 platform and everyone who is a trader is quite familiar with it.
HFM develops MT4 in many different versions for traders to use such as:
HFM MT4 for computers allows us to choose from 3 operating systems: Window, Mac OS and Linux. This is an easy-to-use interface, fast order matching and some impressive analysis tools such as 9 time frames, analysis price fluctuation details, view multiple charts simultaneously, provide over 50 indicators and built-in programmed analysis tools.
HFM MT4 Terminal for desktop
HFM MT4 Webterminal is an easy-to-use web terminal that allows efficient trading directly from any web browser, without the need to download any additional software. With this web version, traders can place pending or market orders and view all their trading activity on both Live and Demo accounts. This version’s top tools include 1-click trading, 3 types of price charts, and superior analysis tools.
HFM Webterminal web platform
HFM MT4 MultiTerminal is integrated into MT4 software by HFM for the purpose of managing multiple accounts at the same time on an extremely friendly interface with a number of advantages such as:
- Supports an unlimited number of trading accounts,
- Manage trading activities in real time,
- Match many types of orders,
- Track price data online and
- Allows traders to view transaction history.
HFM MT4 MultiTerminal platform
In addition, HFM also provides MT4 software on both Android and iOS platforms, and HFM has even developed MT4 to be compatible with iPad. These are shortened versions of desktop and webtrader but still contain all the necessary features for trading such as:
- Supports multiple time frames
- Trade directly from the chart
- Full support for all order types including pending orders,
- Supports a lot of indicators and built-in tools,
- Full support for 3 chart types: bar, candlestick and line
- Full display of transaction levels and volumes,
- Friendly interface
- Save data usage
MT4 platform on phones with Android operating system
HFM’s MT5 platform
The new MT5 is supported by HFM
Also an extremely popular and advanced trading software, MT5 is an improved version of MT4, so the “essences” of MT4 are retained, and many features and tools are added. improve. With MT5, traders can participate in trading stocks included in HFM.
Just like MT4, HFM’s MT5 platform. Compatible with many different interfaces such as: desktop computers compatible with Windows and Mac OS operating systems (MT5 for computers), website trading (MT5 WebTerminal), Android (MT5 for ANDROID), iOS ( MT5 for IPHONE) or compatible with iPad tablets (MT5 for IPAD).
Some of the outstanding features of the MT5 platform include: offering 21 different time frames, Outstanding analytical tools, Trade all HFM asset levels, View up to 100 interactive charts, Trade 1 click, integrated Economic Calendar with 80 technical indicators.
HFM FIX/API Platform
This software provides direct market access to HFM clients who want to use the FIX (Financial Information Exchange) protocol. This is not a simple software but is equivalent to the VIP service that HFM provides. Therefore, to use the HFM RapidTrader API, traders must have a minimum deposit of 200,000 USD, which means that traders cannot withdraw if the balance is less than 200,000 USD.
With this software, it is possible for the front-end system to connect to the back-end system of the exchange through an encrypted communication channel, and the client is created a user-interface customized to the HFM fxTrade system.
This platform is not for the masses but is only suitable for professional traders, brokerage groups, hedge funds and money managers who require real-time forex trading capabilities or companies. integrate foreign exchange trading into their treasury system.
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HFM New Platform
HFM has just launched two new trading platforms for users: HFM Plaform for Android and HFM Plaform for IOS. These 2 new platforms can only be used on phones and there is no version for devices yet. You can access the menu as shown in the image above to download the application on your phone.
2.5 Types of accounts on HFM floor
HF Copy account is a prominent account of HFM
Among the leading Forex trading floors today, HFM is one of the trading floors that offers the most account types, up to 6 account types designed to suit each type of trader from newbie to professional. as their trading needs. In addition, the differences between account types are mainly the spread, leverage ratio, minimum deposit, maximum number of simultaneously opened orders…
Below is a detailed comparison table between accounts:
Micro account
This account enjoys the highest trading leverage of up to 1:1000 on both HFM’s MT4 and MT5 software, suitable for traders who are planning to change exchanges, want to test the floor, newbie traders with capital. Extremely low minimum only 5 USD. Meanwhile, HFM supports maximum leverage and can trade.
- Trading platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
- Trading instruments: All +1200 instruments
- Minimum deposit: 5 USD
- Maximum leverage: 1:1000
- Spread: from 1 pip
- Minimum number of lots to place: 0.01 Lot
- Execution order type: Market Execution
- Maximum total trading size: 7 standard lots
- Maximum number of simultaneously open orders: 150
- Commission: None
- Margin Call/Stop Out ratio: 40%/10%
- Telephone transactions: Yes
- Currency used: USD, EUR, NGN
- Personal wealth management: Yes
PREMIUM account
For traders with trading experience, with a minimum deposit of only 5 USD, you can also enjoy relatively low spreads of only 1 pip and no commission fees when trading.
- Trading platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
- Trading instruments: All +1200 instruments
- Minimum deposit: 5 USD
- Maximum leverage: 1:500
- Spreads: from 1 pip
- Execution order type: Market Execution
- Minimum number of lots to place: 0.01 Lot
- Maximum total trade size: 60 standard lots/position
- Maximum number of simultaneously open orders: 300
- Commission: None
- Margin Call/Stop Out ratio: 50%/20%
- Telephone transactions: Yes
- Currency used: USD, EUR, NGN
- Personal wealth management: Yes
Zero Spread Account
Suitable for experienced traders who love the scalping style with extremely low spread fees of only 0 Pip or more. This account is also suitable for traders who trade in large volumes, using EAs (Expert Advisors). This is the only account type where HFM charges commissions ranging from 6 USD/lot for major currency pairs. , the remaining products will cost about 8 USD/lot. In general, this is an average commission level like many other exchanges.
- Trading platforms: MetaTrader 4, MetraTrader 5, Webtrader and Mobile Trading
- Trading instruments: All +1200 instruments
- Minimum deposit: 200 USD
- Maximum financial leverage: 1:500
- Execution order type: Market Execution
- Spreads: from 0 pips for Forex pairs
- Minimum number of lots to place: 0.01 Lot
- Maximum total trade size: 60 standard lots/position
- Maximum number of simultaneously open orders: 500
- Commission fee: from 6 USD/lot
- Margin Call/Stop Out ratio: 50%/20%
- Limit and Stop Level: From 2 pip(s)
- Telephone transactions: Yes
- Currency used: USD, EUR, NGN
- Personal wealth management: Yes
PAMM Account (PREMIUM)
This is a capital mobilization account managed by traders and is also the strength of this broker. All traders contribute capital to one account, then the account manager will use that money along with their personal capital to trade. Profit or loss will be divided proportionally between the manager and ( investors, subject to previously agreed participation agreements.
- Trading platform: MetaTrader 4
- Minimum deposit: 200 USD
- Maximum leverage: 1:300
- Spread: from 1.3 pips (with Premium account) from 0.4 pips (with PremiumPlus account)
- Minimum trading lot: 0.01 lot
- Minimum trade size: 0.01
- Trading fees: None or $8/lot/2-way (with additional Premium accounts)
- Trading products: Forex, Metals, Oil and indices
HFCopy account
In addition to HFM PAMM, HF Copy is also a strong account type and is chosen by many traders. This form is equivalent to the RAMM account form at many other Forex exchanges. With HF Copy, investors can completely withdraw capital at any time they want; Display account profit and loss immediately after closing the order; There is a mechanism to set the risk-taking capital ratio so it can preserve more investment capital.
- Trading platforms: MetaTrader 4, Webtrader and Mobile Trading
- Trading instruments: Forex, spot indices and gold
- Execution order type: Market Execution
- Minimum deposit: 500 USD for strategy providers and 100 USD for investors (followers)
- Maximum financial leverage: 1:400
- Spread: from 1 pip
- Minimum number of lots to place: 0.01 Lot
- Maximum total trade size: 60 standard lots/position
- Maximum number of simultaneously open orders: 300
- Commission: none
- Margin Call/Stop Out ratio: 50%/20%
- Telephone transactions: Yes
- Currency used: USD
- Personal wealth management: Yes
- Maximum number of followers: 200 – 1000
Cent account
The Cent account is a great choice for beginner traders who want to test their trading skills and learn about real market movements – without investing too much in trading funds. Experienced traders can also trade on Cent accounts to test new products and trading tools and develop strategies with low capital while minimizing risk levels.
- Trading platforms: MetaTrader 4, Webtrader and Mobile Trading
- Trading instruments: Forex and gold
- Execution order type: Market Execution
- Minimum deposit: 5 USD
- Maximum financial leverage: 1:1000
- Spread: from 1 pip
- Minimum number of lots to place: 0.01 Lot
- Maximum total trade size: 200 cent lots
- Maximum number of simultaneously open orders: 150
- Commission: none
- Margin Call/Stop Out ratio: 50%/20%
- Telephone transactions: Yes
- Currency used: USD, JPY
- Personal wealth management: Yes
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2.6 Products traded on HFM floor
Products traded on HFM exchange
HFM provides a wide variety of trading products popular in the financial world to diversify investment portfolios as well as provide the richest trading opportunities for traders.
- Foreign Exchange (Forex): 50+ currency pairs traded. Leverage up to 1:1000 with Micro accounts and 1:500 with other account types.
Metals:HFM provides trading products that are metals spot contracts for Gold, Silver, Platinum, Palladium traded separately or traded with USD and EUR such as: XAUUSD, XAUEUR, XAUEUR … - Energy: HFM provides customers with 2 trading products with Brent Oil and crude oil through 2 spot energy contracts: UK Brent Oil and US Crude Oil.
- Indexes: HFM’s index products are not too diverse, but there are still all popular indexes such as USA500.S, Japan 225 or GER40 through spot index contracts and index futures contracts. number.
- Stock CFD:HFM provides derivative trading for 54 different stock codes including most stocks of major corporations in the world that you may be interested in such as Apple, Amazon, Alibaba, Google, Ebay, Adidas,..etc. Maximum trading size is 5000 shares.
- Commodities: Offers 5 commodity futures contracts including Cocoa, Coffee, Copper, Cotton, Sugar.
- Bonds:HFM offers 3 types of bonds: EUBUND.F, UKGILT.F and US10YR.F. Detailed information about the expiration date of each type of contract can be found on HFM’s website.
- Underlying stocks: At HFM, you can invest in more than 2000 stocks with no trading fees.
- ETFs: The number of ETFs that HFM provides is very diverse in many fields with 34 contract models.
- Cryptocurrencies: HFM gives you the opportunity to trade popular cryptocurrencies without digital assets, 24-hour trading, low margin requirements, and trade both bullish and bearish . You can trade with different cryptocurrencies, including some important cryptocurrencies such as bitcoin, Ethereum, Ripple, Litecoin…
2.7 Forms of deposit/withdrawal at HFM
Recharge
HFM supports a variety of different deposit methods for Vietnamese traders such as: Wire transfer, Credit card, Internet Banking, e-wallet (Skrill, Neteller). In particular, HFM also allows direct deposits with cryptocurrency (Bitcoin, Litecoin, Ethereum…). Currently, HFM has allowed direct deposit via Local Bank, this is a very convenient form of deposit.
HFM is applying the e-wallet automatic withdrawal mechanism, so deposits and withdrawals at HFM are quite fast, withdrawal time ranges from about 1 day for the money to be returned to the account. In addition, HFM is probably the only exchange that offers free fees when you deposit and withdraw with a Visa card. All HFM deposit methods are free.
Withdraw money
For two forms of payment, Wire Transfer and Direct Online Banking, depending on the regulations of international banking organizations, you need to wait a specified time of 2 -10 days for the money to arrive in your account.
As for other forms of withdrawal, HFM has a very convenient instant payment mechanism (PAY INSTANT) – this is one of the strong points that attracts many traders to trade at HFM. With this mechanism, you just need to make a withdrawal order and the request will be processed immediately and the money will be returned to your account.
Similar to Depositing money, HFM completely waives withdrawal fees for all forms.
2.8 Trading tools provided by HFM floor
Important trading tools and features on HFM platform
Although HFM’s core activity is providing online trading services, the broker offers other ancillary services to traders. One of the things that makes us appreciate HFM is that the broker has diligently researched and developed countless great tools that are extremely useful for traders.
These tools will assist you a lot in the trading process. In particular, there are some normal tools that require you to pay a small amount of money to use them, while at HFM they are all free, you just need to register and successfully activate your account to use them. usable. Some of these services include:
- Advanced data source curated for beginner and experienced traders.
- Forex news to support trade decision making.
- Economic courtesy to make traders aware of potentially market-changing news.
- Some trading tools such as Autochartist, a complete transaction calculator.
2.9 HFM floor customer care service
HFM is famous for having the best support team in Vietnam, they often support 24/5 via many channels such as phone, email, live chat, Skype, or contact via social media: Facebook , Instagram, Youtube, LinkedIN, Twitter.
Additionally, you can also fill out a form, like the one in the screen below to receive feedback and answers from HFM’s support team.
In particular, this Broker has had an office in Vietnam for a long time, so if you have any questions, HFM will solve them very enthusiastically and thoughtfully.
3. Summary of advantages and disadvantages of HFM floors
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4. Conclusion
Through our above reviews, you have probably confirmed that HFM is a leading reputable broker that appeared early in the Vietnamese market, and constantly improves service quality as well as updates many times. new features and trading products, so it is completely worthy of being loved by the Vietnamese trading community for so many years.
Therefore, HFM is completely worth opening a trading account and experiencing it yourself to have your own and objective assessment of this leading trading platform in Vietnam!
